Question

what amount harish has to pay at the end of 3 years on a sum of Rs 40,000 at an interest of 16 %compounded annually?​

Answer 1

Step-by-step explanation:

p=40000

t =3

r =16

A=P(1+r/100)^n

40000*(1+16/100)^3

=1560896

Answer 2

Answer:

Step-by-step explanation:

compound interest = p*r*t

40,000*48*1

1920000